Category: Commentary

Yesterday, I read an article in the Wall Street Journal that chronicled Journey’s 1981 hit “Don’t Stop Believin’.”  The genesis of the Billboard hit (and ending ballad to the Soprano’s series), was a streak of bad luck for Journey keyboardist-guitarist Jonathan Cain. Continue reading “The “Don’t Stop Believin’” Stock Market (and Sentiment Results)…”

Several weeks ago I was asked to speak to the University of Bristol’s, “Women in Finance Society.”  I had never spoken to college students before, and did not know what to expect, but I was glad to share my experiences and see if it could help the next generation of Women Leaders in the finance industry.

I learned this philosophy of “pay it forward” from my first mentor/employer in the industry.  He used to fly in an entire class from his mid-west college Alma Mater (at his own expense) each year to either meet Warren Buffet in Omaha or major business leaders like Jamie Dimon in New York City.  They would share their experiences and impart their wisdom on the young students just starting their careers. Continue reading “The “Pay it Forward” Stock Market (and Sentiment Results)…”

Since the last Fed Meeting and press conference on September 22, with Chair Powell, we’ve seen a move FROM “Fancy” (Tech/Growth – high multiple stocks) TO “Fancy like Applebee’s on a date night” stocks (re-opening, value, cyclical – lower multiple stocks).  Walker Hayes outlines the shift in his recent Country hit “Fancy Like”: Continue reading “The Walker Hayes, “Fancy Like” Stock Market (and Sentiment Results)…”

In recent weeks we commented to stop worrying about a “September Swoon” as most pullbacks would be likely be contained to ~3-5%.  So far this has held true on a closing basis…  Continue reading “The “Buy Dirt” Stock Market (and Sentiment Results)…”

I was asked to write an article by the CMT Association on how we use charts in our investment selection process.  The answer is, we spend 80% of our time on fundamental analysis and 20% on using technical barometers to assist with entry and exit timing. Continue reading “The “Top Down, Bottom Up” Stock Market (and Sentiment Results)…”

Yesterday we heard from Chair Powell.  His sole mission is to land the plane (unwind emergency policy) with no casualties, and he is well on track to do so.  He’s the “Sully” of monetary policy: Continue reading “The “Perfect Landing” Stock Market (and Sentiment Results)…”

Last week we said, “while everyone debates whether we are going to have a ‘September Swoon’ or not, take a step back and look for sectors/stocks that have already had a ‘Summer Swoon’ and buy the quality stocks that are on sale.”  In that context we talked about BA, CI, and EOG. Continue reading “Credit Spreads and the Stock Market (plus Sentiment Results)…”

This week we chose AC/DC’s 1990 Billboard Hit, “Thunderstruck” to capture current stock market sentiment.  On Friday, we got a tremendous miss with the Jobs Report coming in at +235K jobs versus +750k estimated.  Continue reading “The AC/DC “Thunderstruck” Stock Market (and Sentiment Results)…”

With the market looking and feeling extended at these levels, the song we chose to embody current market sentiment for the week is Ryan Hurd and Maren Morris’ 2021 hit, “Chasing After You.”  This has effectively been the theme song for managers who have been skeptical of the market rise all year and were repeatedly forced to chase up: Continue reading “The “Chasing After You” Stock Market (and Sentiment Results)…”

On last week’s podcast/videocast – in one of our “Ask Me Anything” questions – a regular viewer said: Continue reading “The “Ted Lasso” Stock Market (and Sentiment Results)…”